Hyundai Motor India IPO: 10 points you need to know ahead of ₹27,870 crore public offer opening

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2 min read | Updated on October 12, 2024, 10:04 IST

SUMMARY

Hyundai Motor India IPO plans to raise around ₹27,870.1 crore. The initial public offering is an offer-for-sale (OFS) of 142,194,700 shares by parent Hyundai Motor Company. There is no fresh issue of equity shares.

Hyundai Motor India commenced operations in India in 1996.

Hyundai Motor India IPO: The Indian arm of Hyundai Motor Company, Hyundai Motor India Ltd, will launch India's largest initial public offering on Tuesday, October 15. The IPO aims to raise ₹27,870.1 crore (around $3.3 billion).

This will be India's biggest IPO after ₹21,000 crore offering by state-run Life Insurance Corporation of India (LIC) in May 2022.

Hyundai Motor India IPO: 10 key things to know

Hyundai Motor India bidding period: The issue will be open for public subscription from Tuesday, October 15 to Thursday, October 17. Pre-apply for Hyundai Motor India IPO.
Hyundai Motor India anchor bidding: The bidding for anchor investors will take place on Monday, October 14. The company has set aside 4.24 crore shares for anchor investors.
IPO offer structure: The company plans to raise around ₹27,870.1 crore. The initial public offering is an offer-for-sale (OFS) of 142,194,700 shares by parent Hyundai Motor Company. There is no fresh issue of shares.
Hyundai Motor India price band: The price range has been fixed at ₹1,865-₹1,960 per share, valuing the carmaker at ₹1.6 lakh crore.
Reservation: Half of the net issue is set aside for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
Hyundai Motor India lot size: Investors can apply for a minimum of seven shares valued at ₹13,055 and in multiples after that.
Objective: Since the IPO is entirely an OFS, Hyundai Motor India will not get any proceeds from the offer. The net proceeds will go to the selling shareholder.
Book running lead manager and registrar: Citigroup Global Markets India Pvt Ltd, Kotak Mahindra Capital Company Ltd, HSBC Securities & Capital Markets Pvt Ltd, Morgan Stanley India Company Pvt Ltd and JP Morgan India Private Ltd are the booking running lead managers. Kfin Technologies Limited is the IPO's registrar.
Allotment date: The finalisation of allotment is likely to take place on October 18.
Listing date: The company's shares will be listed on the stock exchanges - the BSE and the NSE - on October 22.

Key Insights: Hyundai Motor India IPO: Strengths, risks and financials

To learn more about IPO listings, schedule and upcoming IPOs, click here.

Hyundai Motor India IPO: Date, price band, lot size, key dates and all you need to know

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About The Author

Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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